88 and 90 Lexington Avenue were once office buildings—an Art Deco classic and a significantly less attractive 1950s neighbor. Both became rent stabilized apartments, until developer HFZ Capital scooped up the properties between 26th and 27th Streets in July 2013. Now they’re being transformed into condominiums, and YIMBY got a look inside.
While the far West Side has its fair share of mega-projects, the scale of development in lower West Chelsea and the Meatpacking District is generally more subdued. The one major exception to that rule is at 76 11th Avenue, where a development team led by HFZ has an assemblage with 800,000 square feet of air rights, with plans by Bjarke Ingels Group previously revealed by YIMBY last year. Now, thanks to a tipster, we have a fresh set of images showing the fine-tuning occurring across several aspects of the design, including the retail podium and crown.
Construction is now wrapping on the transformative 27-unit conversion underway at the 10-story former office building at 11 Beach Street, in TriBeCa. YIMBY can now bring you a photo of the nearly completed project, courtesy of prolific photographer Tectonic. The apartments, which will be condominiums, should average a spacious 3,976 square feet apiece. They will range from three- to five-bedrooms, some of which will come in townhouse-style and penthouse configurations. Amenities include a fitness center, a children’s playroom, an inner courtyard, a landscaped roof deck, and storage space for 14 bikes. Some of the apartments will also feature their own pool. YIMBY revealed renderings of the BKSK Architects-designed project in 2014. Thomas Juul-Hansen is crafting the interiors and HFZ Capital is the developer. Occupancy can probably be expected in the coming months.
HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.
Back in October, the Landmarks Preservation Commission heard a proposal that would remake a good chunk of West 29th Street between Broadway and Fifth Avenue. It would include restoring two landmarks and construction of a 64-story mixed-use tower. The hearing in October was paused because of the late hour and lack of quorum, and when it resumed on Tuesday, it became clear that one aspect of it was the big stumbling block.